A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years. The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years. The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
According to the Federal Bureau of Statistics the median income in 2024 in Germany was € 52,159 . 60% of this value is € 31,295.4. A worker with a 40 hour work week and the mandates 28 days of paid vacation days worked 1784 hours in 2024. Therefore by dividing 60% of the median income per year with hours worked per year we get the targeted hourly pay: € 17.55/h.
I am not sure why this seems to be an impossible task for you.
Yeah. It is clearly possible. I don’t know why I read it as 60th percentile instead of 60% of median